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CNBC
Sep 18, 2012 11:00pm EDT
soaring to the best levels in years. the s&p up over 15% in 2012. but can this bull run laps? cramer is taking on the technicals to find out on a critical edition of "off the charts." and later, playing dress-up? forget tom-kat. tonight cramer is trying on a fashionable name that could be the next success. should you be slipping your portfolio into something more comfortable? plus, healthy headlines? the biggest bio tech names are showing off the new medical innovations this week. cramer has his eye on a pew drug makers that could provide the best medicine for your portfolio. find out what's at the top of jim's list just ahead. all coming up on "mad money." don't miss a seconds of "mad money." have a question? wheat cramer. #madtweets. send jim an e-mail. or give us a call. 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. [ male announcer ] the 2013 smart comes with 8 airbags, a crash management system and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. ♪ [ male announcer ] the exceedingly nimble, ridiculousl
CNBC
Sep 18, 2012 6:00pm EDT
out? new 52-week high s daily. markets soaring to the highest levels in years. but can this bull run last? kramer is taking on the technicals to find out on a critical edition of off the charts. >> and later playi ining dress . kramer is finding companies to cash in my breaking up. tonight he is trying on a name that could be the next one of success. should you be slipping your portfolio into something for comfortable? and kramer has his eye on a new drug makers that could provide the best medicine for your portfolio. all coming up on "mad money." don't miss a second of "mad money." foll follow @jimkramer on twitter. or give us a call at 1-800-743-cnbc. see something, head to madmoney.cnbc.com. with the spark cash card from capital one, sven's home security gets the most rewards of any small business credit card! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purchase, every day! woo-hoo!!! so that's ten security gators, right? put them on my spark card! why settle for less? testing hot tar... great businesses deserve the most
CNBC
Sep 6, 2012 2:00pm EDT
close since december 28th, 2007. s&p 500 needs to close above 1426 for a chance at its highest since january 3rd of 2008. did you catch that? both of those might be speech fodder of president obama tonight. they should be. as they could be the highest closes during his white house tenure. meantime, the nasdaq aiming for a close i high stretching back to bill clinton administration. it could achieve the highest finish since november 15th, and vamp on that later on in the show. for now, let's get to bob and rick. bob, first to you. i want to ask you. you keep menging the most hated stock market rally of all time. why? >> because traders don't believe it. traders betting against it rather aggressively. people out of the market because they don't believe the fundamentals justify the highs. my point is fundamentals may not but the intervention of the central banks, it's very much in evidence. high volume here today. 25% higher than normal. twice normal volume in spain. new highs in s&p, nasdaq, hoemd bui home builders, brian. people starting in the exchange traded funds covering right now
CNBC
Sep 11, 2012 1:00pm EDT
right now the dow jones industrial averages up about 84 points on the trading session, now 87. the s & p 500 is pushing ever higher above that 1400 mark at 1435 and change, a half a percent gain. nasdaq a fractional gain there most of the focus on the big cap names. gold market up a quarter of a percent on the trading session. west texas intermediate crude up a quarter of a percent. we are getting confirmation once again, second day running, from the transportation average now up 35 points on the trading session. all of this of course, one day before that key two-day meeting of the federal reserve. ty? >> more markets in a couple minutes, sue. i want to bring in today's guest host, author michael lewis. he is a frequent guest of ours on "power lunch," delighted to have him back. he has written some of the best-selling books in the nation over the past two decades, many of them having to do with the financial crises that the country has face and other topics of interest. now he is with us after being given unhe is dentprecedented, say in journalism, access to president obama. he capture i
CNBC
Sep 10, 2012 9:00am EDT
looking to give up 30 points at the open. s&p giving up 2.50. we have red arrows across the board except for the ftse. this monday roadmap starts off with the multi-year highs we saw in stocks, pushed higher by multi-year highs on the likes of apple, google, procter & gamble and wells fargo. >> concerns about china grow deeper. imports and factory output were disappointing. could it mean more stimulus is on the way? >> the u.s. treasury slashing its stake in aig, becoming a minority shareholder for the first time since the financial crisis again. what it means for you, the taxpayer, in just a moment. we have to start with the markets, coming off a week in which the s&p 500 settled at its highest level since january 2008, the s&p and nasdaq posting their best weekly gains in three months. and the dow logging its best week since july 27th. friday's weaker than expected jobs report. >> you have to have the federal reserve say, we'll have your back. it may be announcing something that i think has eluded us so far. i've not heard anything new and interesting. we have rates pretty low i
CNBC
Sep 25, 2012 1:00pm EDT
national football league don't like to lose, no matter what the battle s >> neither do the fans. >> right now, they are. i'm an ex-vikings, i can't be on the packers side, but that game last night -- >> we will forgive you for that. >> it was pretty bad. >> how do you think this affect the money flow of the game, because it is having -- it is going to have a financial impact, the question how much, do you think? >> it depends on how long this thing lasts. once the replacement officials are out of there and the regular guys come back to work, i think things will get back to normalcy. but right now, you know, you just said it, it could be potentially $1.5 billion, you know, lost through gambling. i mean, gambling is a big part of the national football league, whether the owners want to talk about it or not. so you don't ever want that credibility to be lost. >> you know exit's funny, i think you probably would have batted the ball down or made sure -- a d-back. >> i know he was. >> i can catch. >> thank you, guys, good sigh again, brian shactman and jack brewer, former nfl plarnd
CNBC
Sep 6, 2012 1:00pm EDT
average up strongly, 233 points. the s&p 500 is at 1430.70. and the nasdaq is up better than 2%. it's outperforming the dow up 62 points at 3131.50. gold rallying, as well. which we'll talk about in a few minutes. crude up 1.3% on the trading session. so the rally is on. bob pisani's here at the nyse. they like what they did at the ecb so far and the adp number. >> and the ism services. does anyone doubt that the dag h h hi-bernanke put is true. it's a nasdaq 12-year high. historic highs in health care, consumer discretionary and mostly retail and home builders. there's the home builders on the bottom. that's also at a new high. sue, volume's higher than normal. not seen this in a while. people covering shorts. vxx, that's a bet on the low volatility. people betting volatility on the low side. not working today. ultra short company, people shorting the s&p 500. that's not working at all today. getting out of those positions today and short things like financial stocks. there's the fax. that's getting volume, as well. >> 6% on the trading session. >> throwing in the towel a little bit
CNBC
Sep 14, 2012 1:00pm EDT
want to focus on the s&p for just a few minutes here. we're nearing a five-year high. we're above -- we were just above the 1468 mark just moments ago. we made some calls to several of the big names on wall street to see if they're changing their rather bearish s&p forecast. so far they're not. adam parker at morgan stanley is sticking at 1167 by year end. at goldman sachs, david costen says we will fall to 1250 before the end. year. david bianco still at 1475. and at rbc, miles auerbach says we are underweight equities. and her year end forecast target is still at 1450. she's first to put out a note for 2013, and the target there is 1600 on the s&p. so far they're sticking pat, but we'll wait and see what happens before the end of the year. >> let's wait and see what happens now. we're going to bring in katie nixon, wealth manager. you hear about forecasters staying where they are. are you going to change your forecast? >> we've increased our forecast for the s&p looking at 1510, looking at multiple expansion in this environment for low for even longer. >> we're at 14 what on the
CNBC
Sep 27, 2012 2:00pm EDT
gains at least major averages with a better than 3% gain for september. so far. the s&p 500 is riding a five-day losing streak. but does appear to be setting to break that today. however, both the s&p and the nasdaq, even with today's possession, are on track for their biggest weekly drops in nearly four months. brian? >> all right, mandy, thank you. meantime, the violent protests continue in spain. today the government unveiling a new budget proposal to try to bring down the nation's crippling deficit. in it a proposed $51 billion spending cut next year, including an average 12% cut in government ministerial spending, a freeze in public pay for the third consecutive year, and a new 20% tax on lottery winnings. now, it does give something to the people. protection for pensions. well, bob pisani just happened to get back from spain, and he sent out his always interesting morning notebook. bob, i loved this one in particular because you basically said that what we keep quoting as a jobless rate in spain may be bunk, that people are simply working under the table? >> yeah, i'll give you
CNBC
Sep 6, 2012 9:00am EDT
, hedge funds, money managers, underperforming in the s&p 500 and they have pressure on them from investors who are looking at the s&p 500's returns saying why doesn't my statement reflect the gains that we've seen in the s&p 500 so far this year, so this pain trade that's going on, and that could be the floor under all of it. >> tom lee over at jpmorgan, a strategist there, has always done work on that, just how much everybody is underperforming and how much they will have to try to make up, but it's a good point. >> you can do what eddie lampert did this morning go into and buy sears and improve your market that way. >> the stock is up, by the way. >> don't spend $100 million to mark up your stock. you invest it because you think the ceo is turning sears around, not a horrible comp stores number. >> do you buy that and say i'm not going to sell for a year? >> some people told me yesterday, asking why is tech so strong? well, facebook. facebook, and i said, well, yeah, well, maybe facebook does color trading. apple wasn't doing well. facebook was up yesterday, all right. look, i'
CNBC
Sep 26, 2012 4:00am EDT
, great. and against that backdrop, a new s&p report just out is talking about how europe corporate defaults are rising as eurozone woes are rising, especially when you look at the glut of credit markets. to talk more about this, we're joined now by paul cavanaugh. an ugly day in the markets. what's going on? >> well, we've had such low volatility through september. i saw a five-day historic volatility measure of one, which is the last time we've seen and that was 2006. >> 2006. >> 2006. let's put it into context. markets around the world haven't had a bad year. the dax is up 20%. >> 25%, i think. >> so we're seeing a little bit of a correction today. but we're in a phase where we're dealing with tangibles and the intangibles. will his plan work? will he gate bailout from spain making that request? will qe work in the u.s.? a lot of intangibles there, which i think markets will fret about. >> would you describe this as consolidation after the rally that we've seen, or would you describe it as the beginning of a period of more volatility and investors should be more concerned? >> i t
CNBC
Sep 14, 2012 5:00pm EDT
s&p up 5.78. have a fantastic weekend. coming up in "options action" find out why it may be time to bet on shares of wells fargo. it all begins right now at the top of the hour. i will see you monday. >>> this is "options action." tonight face saved. how would you like to get your money back in facebook? don't ask this guy. >> the performance of the stock has been disappointing. >> because we will show you how to get your money back, too. plus five is alive. the release of iphone 5 has sent apple to another all-time high. an options trade can double your money by the end of the year. why were options traders digging dole foods? the action begins now. >>> live from the nasdaq i'm melissa lee. these are the traders here. we will get to the trades in a second. the fed fix is in. stocks hitting five year highs today in hopes of more stimulus. the goal tonight is clear, give you names and strategies to profit. let's get into money and start with our resident. do you finally say uncle? >> the fix is in here. we have the election coming up. in a lot of ways we have to consolidate some of t
CNBC
Sep 10, 2012 1:00pm EDT
in terms of removing those teachers who are not performing, having teache erers make the grade in s of student test scores and that's tough to do in this day and age. the issue is less about money and more about accountability. rahm emanuel is trying to hold the teachers to a strict line there. >> do you have a sense, phil, as to how long this strike will be able to continue before parents draw the line in the sand? >> only a few days. you can already see it. there is a palpable feeling in this city from a lot of parents who are fed up with the mayor, but also fed up with the teachers. they're looking at this and saying, come on, really? you can't come to an agreement? you've known for some time when school was supposed to start. you should have come to an agreement by now. i think after a couple of days both sides will really feel the heat that they're going to have to come to a deal. >> right now just a lot of posturing. >>> sue, if you have a democratic mayor in the nation's third largest city with very close relations to president obama, was his chief of staff, after all, and he
CNBC
Sep 6, 2012 5:00pm EDT
you tomorrow. >>> this is "fast money." let's get straight to the day's monster rally. the s&p 500 closing at its highest level since january 2008. the nasdaq composite at its highest level since november 2000. materials, financials, technology all leading the market higher. so the question here is, how are you trading it, particularly going into tomorrow's big jobs report? josh brown. >> yeah, i think we really didn't make a lot of moves today. we did a little bit of trimming. the only new long we add was in the health care sector, and area we see an even bigger breakout than the nasdaq. talking about a high back to 20 00. look at the xlv. that's a new all-time high ever. that's the baby boomer basket you want to be in for a long period of time. we like the action. the only negative that i didn't love seeing was that really harsh reversal in oil. that was definitely notable. you got a strong open, then they ripped it back. i think that's something you want to keep an eye on. the jobs number tomorrow could negate everything. >> you like that action. part of the action was decent vo
CNBC
Sep 20, 2012 3:00pm EDT
the nasdaq. the s&p 500 is down just two points. >> let's get more on today's big story. the ipo market heating up. five companies making their debuts today. >> five ipo's, that's the busiest week since late august, and the most in a single day, you guys mentioned it since february 8th. trulia really taking the show. pricing a dollar above its range, it's jumped close to 50% on its opening trading day. steady gains of just about 10% from the mid point of its price for the energy company. while all stocks that debuted today are in the green. not all have had such rosie reception from the market. the two banks, capital bank and national bank holding priced below their expected range, and only up slightly on the day. capital also priced below its range, it's trading roughly flat. it's hardly enough to lift the performance of the broader ipo class this year. it's up according to renaissance capital. that means it's widely performing. it still hasn't ripened, which could be a problem for smith electric. the company makes electric vehicles and it's aiming to raise about $76 million if
CNBC
Sep 28, 2012 4:00pm EDT
next week. nasdaq gave up about 20 points. that's two-thirds of 1%. the s&p 500 weaker today by 6 2/3. that's about 0.5%. let's close the books on the third quarter. time to get ready for what could be a rocky fourth quarter. our next guests are cautious going into the end of the year. they're joining me now to tell you how to prepare for the volatility. gentlemen, good to have you on the program. thank you for joining us. who is worried about the fourth quarter? eric? >> well, yeah. i'm worried about the impact of the fiscal cliff debate. if we go over the fiscal cliff, the u.s. goes into recession. the map is actually just arithmetic. it's north tht that complicated. we think the debate will be uglier than it needs to be and that will create a lot of volatility. >> we are expecting an earnings comeback in the fourth quarter. do you think this is a question -- i'm asking everybody. do you think the contraction we're expecting to see for third quarter earnings is priced into the market, or is this going to be unexpected? >> i don't think it's priced in -- major contraction is priced
CNBC
Sep 21, 2012 12:00pm EDT
street, dow is good for 38, s&p and nasdaq higher today as well and here's what we're following on halftime from the new york stock exchange. where does the dow go from here? is 14,000 really in sight? saving face, facebook shares up 20% in two weeks, is now the time to get in or did you miss your opportunity? but first our top story, you know what it is, iphone fever, the new phone is here on sale today and around the world, from hong kong to singapore, japan, california, colorado, and new york. apple fans are lining up to get their hands on the company's latest gadget, but the key question for investors, will the sales live up to all of the hype? we're live at the big board as i mentioned with steve weiss, john najari najarian, steve grasso and joer it terranova. good to have you on the show. john, i'll start with you, are the sales going to live up to the hype? >> you better this are. look at the lines in germany today as well as the lines of course across our country it's not even being sold on the west coast yet and you get an idea for how big this is going to be, scott. i thi
CNBC
Sep 17, 2012 12:00pm EDT
the close. dow lower by 32 points. s&p lower by three. .2%. the nasdaq lower by .25%. lower by nearly nine points. let's get to what we're following on the halftime report. dow 15,000. we got the man who's calling for it. wharton professor jeremy seigel gives us an update on his bullish call. >>> 23 iphones per second. that's how many apple is selling. we've got the top ways to play apple's record breaking run. the derivative plays. >>> first our top story. stocks at four-year highs. can you believe this? you've got to go back to december 28th, 2007 to get back to these levels. let's trade it. joe, how are you trading today? >> i think today is obviously a slow volume type of day. where not very much is going into the marketplace. quite candidly you should not be making many adjustments to the portfolio. however, what i think you should be thinking about now is the end of of the quarter is approaching. how are institutional money managers who continue to underperform the market going to handle that end of quarter market up period? i think it points to a potential appreciation t
CNBC
Sep 25, 2012 3:00pm EDT
of the day, down 24. s&p 500, weaker by 7 1/2. let's talk more about caterpillar. the stock down 3% after forecasting weak growth through 2015. investors clearly not happy to see another gloomy outlook. even a report showing an uptick in july home sales. >> is this a red flag given the company's status? we posed that question in our "closing bell" exchange today with michael, debra, jeff cox, and our own rick santelli. deb, what do you think? is this a one-time situation, or are we starting to see a trend after fedex and now caterpillar? >> well, we're definitely clearly seeing a trend because these aren't small companies that are starting to give us warnings. the thing that worries me about caterpillar is when we look at these jobs numbers every month, the shining spot has been mining. here we go. we're going to start to lose these mining jobs. that's a big concern. >> so what is the issue here? is it china slowing down? is it the u.s.? where would you put the biggest blame in terms of the c.a.t. expectations? >> well, i think obviously with the commodity prices coming down, it's
CNBC
Sep 25, 2012 12:00pm EDT
." all major averages higher by 36 points on dow. 135 95. s&p higher by almost four. nasdaq higher by 9 1/2, 3,170. here's what we are following on the "halftime" show. the battle of the tech titans. apple losing some ground as google, it's google surging to a fresh record. which of these two stocks is better for your portfolio right now? housing, hangover. is the party coming to an end for home builder stocks? >>> our top story, the tug of war between the bulls and bears. bulls winning as consumer confidence surging to a seven-month high. much better than expected numbers. so, should investor confidence be high right now, too? we've got ken fisher of fisher investment with the bull case. and then later in the show, bob rodriguez with the bear case. let's hear from our traders right here in studio. guy, josh brown, and mike mur y murphy. m.m., how high is your confidence? >> it's pretty high. i think the market has been thrown a lot of reasons to pull back but it's been holding its own. the market has been holding key pull-back levels. i believe we're going to get up to that 1475 level.
CNBC
Sep 11, 2012 2:00pm EDT
you may remember was setback in october of 2007. the s & p 500 remains near multiyear highs despite the fact that only once in the past three and a half weekses that managed to rise two days in a row. all right nasdaq with the best positive streak of the major averages up today for the 19th time in 27 sessions, let's get down to the floor of the stock exchange. bob, i want to bring up aig with you here, because we are seeing titanic volume. what is going on? >> weighed at the close, and that's what's important. the treasure successfully sold $18 billion in aig today. aig is buying part of that but going to be a much bigger float from aig. that means the s & p 500 is going to reweight aig answers weighting in the fund, means indexes have to buy a lot of aig. how much? various assessments but 50 to 55 million shares at the close is likely. aig has traded 200 million shares so that's going to be a big close for aig. meantime, as i have emphasized, the last four or five days, the risk on, back for the stock market. you could see people buying shares in japanese stocks, for example, nice
CNBC
Sep 17, 2012 1:00pm EDT
rally on the fed, took the s&p up what? 2% during the course of the week? the s&p up now over 16% for the year. today financials, industrials, materials are lower. slightly down from what you'd expect. >>> now to the action outside the new york stock exchange where police and protesters have been standing off all day long. it is of course the one-year anniversary of occupy wall street and with it has come protests and arrests. kayla tausche has the latest. >> reporter: well, simon, midday here in lower manhattan, it is quieting down, thinning out and protests are spreading farther afield. a lunch time meeting brought all the protests across this area of town back to the birthplace of the movement just a couple blocks north of where i am right now. that was serving to help them regroup a little bit but now they're heading out again, some back down to water street, others over to world financial center. some also back to bowling green where there was a movement at around 11:00 a.m. with about 1,000 people. as they spread out these protests are thinning a little bit leading police t
CNBC
Sep 11, 2012 12:00pm EDT
. >> we're still very bullish on the market, scott. we think we have s&p 500 above that 1450 level. there is nobody knows where the next area of resistance will be. i think you get up to about 1500 from there. so i think what the market was -- the setup here about six weeks ago is that you had whether the news came out bad, i was going to be qe or if it came out good, we had a rally. so i think that was the setup. i think it's continued. i think you watch the technicals and we push higher. >> take a look at the sectors as we continue the conversation. you look at the leadership groups, whether it's energy, materials, financials have had a pretty good run as well. and a lot of this has to do with anticipation of what may come from the fed. there is the s&p 500 energy sector today up nearly by 1%. >> finally seeing the call names participate. they definitely led. it feels as if they have more room to run. last week we talked about what would the market do in terms of movement? that's one thing i said. it will go in the direction that causes the greatest pain to the greatest amount of people. i
CNBC
Sep 5, 2012 6:00pm EDT
obliterated. [ sell, sell, sell ] [ house of pain ] yet what did we get? the dow rallied 12 points. the s&p losing just .11%. minuscule. i have been schooled. i know you don't want to hear about how confused i am, how mystified. you want me to explain what happened in a way that makes it clear and rational. if you read my midnight tweetweet tweets @jimcramer about how fedex's blown quarter was like a running back with a blown knee going into the big fantasy game or the big game between the cowboys and giants meaning a tough session ahead of us then you know i got the market wrong. hey, i don't like being wrong. i don't like thinking federal express can preannounce negative earnings and out barely affects the averages. the dow didn't go down. uh-uh prefer markets that are predictable, logical. this one is not acting like any other market i can recall because of the myriad other times fedex missed the mark. almost every single time it brought the whole stock market down hard. that's how integral the company is to the transport index which you know i follow. part of the process of uh trying
CNBC
Sep 13, 2012 4:00am EDT
the currency markets they have a very bad habit of going through them and i think the s&p is very aware of that and don't want to at that time additional risk of changing the floor. >> some saying is this floor needed given the rebound in market sentiment lately around the euro. what's your view? >> i think it is needed. the proof is in the pudding. the economy in switzerland has held up remarkably well. the inflation level has bottomed out in q2. and we're starting to see sort of an easing in the swiss franc. so while we're seeing significant weakness in europe, switzerland has held up resoundingly well. and i think that's proof that the s&p was correct in their decision. >> the dollar has been weaker across board. four month lows against the pound and euro. seven month lows against the yen. is it now all in the price? what happens? >> i think it's still being debated. i think if you just cruise through the general analysts view, there's still expectations that bernanke's not going to pull the trigger on additional asset purchases this afternoon. so i think there's some doubt. ou
CNBC
Sep 14, 2012 12:00pm EDT
going to be very hopeful, too, i think you still own those names. >> a year-end target that the s&p can still go, and to steve's point, if you're on the cusp of a great rotation, that you yo get money coming out of the bond market going into the equity market. >> this is where i'm going to irritate you, i think it can clearly go 5%, 10% higher by year end. it all depends on what happens politically with the fiscal cliff. if they pass it down to the second quarter of the next year. if the politicians don't do anything and we avoid a downgrade, i think the stock market does well by the end of the year. >> i like a lot of michael's picks. but i also like, one of my qe trades is las vegas sands and wynn. why is that? you saw that consumer confidence number today. that confidence number, it came out 79 points. it was through the roof to the upside. and i think these stocks, las vegas sands and wynn have corrected significantly from the high. i think the new opening next week over in china, i think that's going to be a huge thing for wynn. i would pile in for those. >> michael, why not co
CNBC
Sep 21, 2012 5:00pm EDT
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CNBC
Sep 4, 2012 12:00pm EDT
ahead of key events in september. goldman is recommending buying s&p 500 puts. murphy this is similar to what you were talking about? >> absolutely. i was going to say maybe they were watching "fast money" last week when we discussed it in detail. if you get a bazooka here, the market should take off and we don't know what is above the 1440 levels. does that get you up to 1500? we need the long exposure. the market has been holding key levels but you better make your sh sure you have an exit plan. >> really only if you are a long only player than a hedge player. i get the protection, but i'm hedged through my short positions both on the short side and the long side. so that's sort of like a doubling down bet. >> a put is less of a white knuckler. a short, things can go so painfully wrong for so long. >> it's the first day of school today. i told all the kids make sure you bring your pencils. volatility is so cheap. of course you want to offer out and buy some protection but more importantly you look at the one currency that will be the most effected and that's the euro currency. to me
CNBC
Sep 27, 2012 4:00pm EDT
. nasdaq also higher. technology one of the bright spots today. 42 points higher on nasdaq. the s&p 500 higher by 14 points at 1447. the rally today certainly taking the dow one day closer to another month of gains. if we manage to stay in the green tomorrow, that means the market would be up 11 out of the last 12 months. keep in mind tomorrow is not just the end of the month, but also the end of the quarter. what should investors brace for as we end the third quarter? we'll bring in our guests. good to see you guys. we've been talking about institutions chasing beta, large pools of money. do you buy into that if sn ? do you think that continues? >> we really have seen that. it's been a phenomenon since the market fumbled around the lows in july of this year. it's been across the board. it's been in commodities. it's been in domestic stocks. it's been in international stocks. there's so much cash on the sidelines. anything with price momentum. victory, we got victory. that's continued on. it seems to be holding a trend that will, again, probably get us through at least the end of the qu
CNBC
Sep 18, 2012 1:00pm EDT
s & p 500 and nasdaq and the russell 2000 giving back a little bit. joining me here is kenny poll carry, managing yet, i cap. i read your morning note and i tend to agree with you. a lot of the headlines says oil took the market down, stocks are retreating. i would argue that we have had a very good run in this market. >> not even that down .3 of a percent yesterday, nothing when you think about the 16% rise in the s & p. >> all i have to do is start him off, while and him up and he goes. >> so easy to wind me up. .3 of a percent, like the world was falling apart, by no means. i agree with you, i think it is consolidation. if we test a little bit here, i don't think you are going to see it fall out of bed. even after this fedex number today, once again talking about what the future looks like, did at the end of last quarter, talked about what the third quarter would look like you can the market continued to go higher, i don't see the market selling off, it is built in and everybody saying what the checkbook is saying, take what you want as long as you want. >> $40 billion a month.
CNBC
Sep 24, 2012 4:00pm EDT
and apple have made up 73% of the nasdaq 100's gains in the third quarter. a similar story all year. take a look at how we're finishing on wall street. dow jones industrial down 19.5 points. art cashin telling us earlier there were sale imbalances. 13,559 at the last trade on blue chip average. volume once again on the light side today on the heels of heavy volume friday with the s&p rebalance. s&p 500 giving up three points today, about 0.25, 1456. nasdaq gave up 20 points, to finish 3160. we're getting closer and closer to the election and more investors are concerned about a major market slide ahead of it. we're a week ahead from the always dangerous october. what are our next guests expecting? we get to our guests doug cody, wells fargo funds management margie patell, and rebecca patterson and our own rick s santelli. rebecca, you're looking at more than equities, in particular currencies. what's the latest out of europe and where you would be positioned? >> we do have some exposure to europe in our portfolios right now in the equity market but it's selective. it's companies tha
CNBC
Sep 7, 2012 4:00am EDT
buying program. shanghai led them higher by 3.7%. infrastructure stocks surgeri s. brokerages soared on reports regulators are planning to reform the current stock dividend tax scheme. strong gains in blue chips sent the hang seng higher by 3%. the nikkei marked best showing in about five months, helped by industrials and financials. nomura rose 5.4% as investors reacted to the new $1 billion cost saving plan. seoul shares had the best day in six weeks. ship builders rallied 5%. samsung gained 4.5%. aussie market recovered from one-month lows led by gains in miners but those gains were cut by weakness in banks. lastly, sensex higher by 1.7% at the moment. >>> joining us in studio is kathleen brooks, research director at forex.com. before we get her reaction, we want to get out to ross in lake como, italy. tell us what you're over there for. >> we the amazeti forum, used to be italian industrials but mario monti is coming, we've had ecb politicians, last year mr. trichet, and business leaders and a big boost for the european economies and done in this most delightful setting on
CNBC
Sep 29, 2012 4:00am EDT
, dow getting back 49 points, s & p sliding 4.5%, nasdaq climbing 6.5%, september turned out to be terrific for the averages! making this the seventh month of the year where the s & p has finished higher and the eighth month of gains for the dow. holy cow. if anybody is wondering, this market is exactly what a bull market actually looks like. s&p 500 rallied 2.4% in september capping off a glorious third quarter. where the index gained close to 6%. not to mention the fact it's up about 15% for the year. 17% when you factor in dividend payments. i know there are a lot of negatives out there. a lot of total legitimate worries. yet these fears have been trumped by the continued optimism that comes from believing the world central banks will turn the tide of slowing global growth. you never want to fight the fed. i learned that in 1980 when i first started taking down some nice-sized positions for my, well, let's say to be able to pay for school. but you really don't want to fight the fed. you don't want to fight the fed when it's teamed up with the the european central bank and hopefu
CNBC
Sep 24, 2012 5:00pm EDT
them was outperforming the s&p 500 year to date. >> and the fed might be out of bullets. >> will the fed noculate you from a bomb form. >> did apple have a great weekend for the iphone sales? >> i see a challenge. >> our traders are seeing clearly. straight from the trading floors this is "fast money." >> live from the nasdaq market site i'm melissa lee. another case of the mondays for stocks. caterpillar lowers a 2015 guidance. is the rally at risk given caterpillar seems to have clarity. >> up to this point -- hi, by the way. negative earnings released. today's another good example of that. the market rallied back unchanged. we are going to find out. caterpillar obviously the name. caterpillar traded well this year. caterpillar started around 115ish and managed to trade down to 78 before bouncing. the market has been able to shrug off the stock woes. you need these events to slap everybody back to reality. how they have clarity 2015 is beyond me. >> the thing about this is if you listen to caterpillar you should get worried if you listen to it in the same sentence of vhp. this is c
CNBC
Sep 10, 2012 6:00am EDT
. the s&p and nasdaq posting their best weeks in three months. and the rally was all ten finished in the black. and bp reportedly talks to sell some of its gulf of mexico oilfields to explain xs floor race and production for about $7 billion. uk energy qui aunt wants to raise money it pay for damages from the 2010 oil spill. >>> and treasury announcing it will sell most of its stake in aig, the move will make the government a minority investor for the very first time since rescued the company can during the financial crisis four years ago. treasury was expected to sell stock this month, but analysts say the makingfully tud of the planned 18 month offering is a surprise and as joe was mentt before, questions about whether politics are involved here ahead of the elections. but i got to tell you, at today's market price, they'll make money. the price to beat i think is $28.73 and we're trading awroun $33. >> thinking about hank greenburg an what he thinks. but what got them in trouble, andrew, and that was all the insurance that connecticut unit was writing without putting down any rese
CNBC
Sep 27, 2012 6:00am EDT
down day. five days in a row down for the s&p 500. futures are quite a bit higher. dow up by about 72, s&p up by close to half a percent, nasdaq higher, as well. in europe, with these riots and these pictures picking up again, you still see green arrows here, although those pictures which been what have changed the market's mood. so we'll see how it holds in. ftse 100 up by 20, cac 22, and the dax up by 32. in asia overnight, you did see some positive arrows. the shanghai composite was up by 2.6%. this is ahead of the market's holiday for many of these markets next week. they'll be closed for much of the week and did you see positive action ahead of time because there's an expectation that china could get involved in trying to do something to stimulate the economy over the holiday week. that's part of what was pushing things higher especially in china. oil prices dipped below $90 for the first time since the beginning of august. this morning $90.29. but the pressure on energy has come as a big surprise and it has been fairly relentless. also the ten year note if you take a look thi
CNBC
Sep 25, 2012 4:00pm EDT
assessment of the day. as we head toward the close, about the lows for the session with the s&p and dow trading lower at this hour. that's the first hour of the "closing bell." i'll see you tomorrow. here's hour number two with maria and special guest host terry duffy. >>> it is 4:00 on wall street. do you know where your money is? hi, everybody. welcome back to the "closing bell." i'm maria bartiromo today at cnbc world headquarters. a late day slide on wall street with the s&p 500 breaking below the key technical level of 1450. the s&p and nasdaq having their worst days in months. protests in spain today demanding parliament be dissolved and elections be held. we'll bring you the details on the ground in madrid coming up. meanwhile, the market closing at the lows of the day. things intensifying at the end of the day amidst what's happening in spain as well as the week that we are ending, the third quarter. expectations that earnings are coming in after caterpillar warns and fedex a couple weeks ago. liz saunders says she's beginning to see things in this market that can be a good thin
CNBC
Sep 26, 2012 1:00pm EDT
could save. >>> whatever the headlines bear in mind the s&p 500 surged more than 5% in the third quarter that will wrap up friday. despite concerns about an economic slow down and at some point higher oil prices though that's not the case now. will violence in greece and spain hold back the bulls in the fourth quarter? with me, trader at virtue financial matt chester. you don't think people are talking about spain and greece. this is about fedex and caterpillar for you. >> i think so. greece is an old story. spain is ratcheting up the violence in terms of that. the market is down only eight points. that's not a factor. i'm looking for fedex and caterpillar, two companies that ratcheted down guidance and earnings. we have hit good support levels. i look for them to rebound. it's going to be strong through friday. >> you are often bearish. >> yes. >> but not now. what's changed for you now? >> nothing really. going into the next couple of days at the end of the third quarter we'll see interests. we see higher highs, lower lows. i'm tired of it. >> that's the point. don't fight the feds. wh
CNBC
Sep 19, 2012 12:00pm EDT
could chart this back, scott, right to 1266 in the s&p. you could chart it where people start to talk about qe3 from that point on. i would say it has been 80, 90% priced before it even happened. none of us were really expecting this explosiveness coming out of the chairman's statements, but nonetheless we're still holding at these levels, huge levels in the s&p. >> are you a buyer brian kelly? >> yeah. >> you said the other day buy everything. >> i still think you can. we're still in -- look what happened with bank of japan last night. they opened up the spigots on their monetary easing again. i think what you have in the marketplace is dynamic of central banks printing an awful lot of money and the idea that you could have somes on tart out there. we have ben bernanke talking with senators behind closed doors and maybe we get positive news on the u.s. fiscal cliff here and that will not next catalyst to move us higher. >> good luck. >> as long as they didn't want to pript money. >> good luck. >> all the market is pricing in at terrible scenario. we need one little step in the right
CNBC
Sep 14, 2012 4:00pm EDT
bounces at the close. nasdaq up 28 points, nearly 1%. and the s&p 500 picks up 5 2/3 points. that's about a third of a percent. the dow continues its climb higher, getting closer and closer to the all-time high the market hit back in 2007. does the rally have more room to run, or is it time to take money off table? so where do we go from here, gentlem gentlemen? let's talk about putting money to work in this market. do you still feel bullish, jim? >> yes, we feel fairly bullish. it's not going to be a straight line. everybody expects it to be a one-way street. we think that between now and the end of the year the market's going to be working its way upward. both here, which is the leading economy in the world at this point, leading in the sense we're in the forefront of the economic movement, and in europe or latin america, asia, around the world the central banks are easing up. they realize that we're looking at a worldwide recession. so we think that easing is going to give us some money. >> jeff cox, a lot of money on the sidelines here. that money may very well come into this ma
CNBC
Sep 27, 2012 3:00pm EDT
of america one of those dow components. jpmorgan as well. check the s&p 500. here's a look. again, that is the highest of the day. just shy of it, actually. up 14.5 points. better than 1%. we mentioned that gdp data. let's not forget we also had a dismal report on durable goods orders, once again showing weakness in this economy. investors not worried about these numbers today. >> we got decent news out of europe and china this morning. either way, we're asking if investors should think twice before buying into this kind of a rally based on what the u.s. economy is telling us right now. let's talk about it in today's "closing bell" exchange. we have larry blazer from mayflower advisers and our own rick santelli and mandy drury. larry glazer, you happen to believe that economically there's an iceberg dead ahead. this market doesn't act like it today. >> no, it doesn't. you can see today investors are so focused on the global stimlouse story that they're missing the big picture. the big picture is the fact that the economic data, particularly global manufacturing data, is absolutely
CNBC
Sep 18, 2012 3:00pm EDT
. the s&p 500 also lower by four points. 14,057. >> anything can happen in this final hour. investors so far today have been weighing the upbeat housing data that we got this morning. apple's stocks surged, hit $700 for a time. then fedex's lower earnings outlook may be trumping all so far today. >> in today's "closing bell," we have david pearl and steve liesman standing by. and rick santelli. brian, we're starting with you. improved signs in consumer confidence. then fedex slashes its outlook. where do you come down on those two data points? should we be worried? >> i think what they said at fedex was exactly right. the consumer is kind of looking for a value proposition. the fact that grown shipments are doing well, but people aren't spending up to get it faster to them as people buy from the internet, they get used to that delay of getting their goods. >> is their bottom line about the economy? i mean, it's cable. is it good or bad? >> i think the bottom line of the economy is it's fine. i'm still worried about the international side of the equation, but domestically i think we're
CNBC
Sep 10, 2012 2:00pm EDT
today, it would be the 13th negative finish out of 14 mondays. >>> the s&p 500 is also trading in an extremely narrow range today but did manage to touch a fresh multi--year high nonetheless earlier on in the session. >>> the nasdaq performing the worst frt of the major. >>> a. >>> t minus 15 days until the election. believe it or not, there are still millions of undecided voters out there. those voters looking for specifics to help them make up their mind. but if you're looking for specifics on how either candidate feels, to get there you're probably going to hear something like this. [ sound of crickets ] >> bottom line -- we don't have nearly as many details as we'd like. john harwood, why does it seem so difficult to pin down specifics from either side? >> it is because the art of politics is about maximizing the number of people who like you m and minimizing the people who don't like you. this is why politicians try to avoid difficult interviews whenever they can. mitt romney, the republican candidate, had been avoiding going on "meet the press," for example, for quite a long
CNBC
Sep 18, 2012 7:00pm EDT
saying it might go up to 50%. but the teacher s got some of what it wanted and the city got some of what it wanted. >> thank you we appreciate it. >> now to today's other big story. the romney campaign, the gop nominee made at a private mund razois race fundraiser. >> take a listen to mr. trump. i don't think he should apologize. but he should not be apologizing. so just what will the political fall out of this gaff if any. let's go to robert costa of the national review. >> this is a big story of mitt romney. they see this as a one-week story. maybe a 24-hour story. they believe that they can get beyond this shiny object they can win this election. >> it was taken only months ago. and it was filtered again. >> can mitt romney come back to the economy? that is what his campaign was focused on today. getting back to the mufundaments of whether or not they think he is strong. i'm going to share with senior adviser ed gillespie. former clinton white house aid, keith boynten. thanks. ed klein, do you think that romney ought to apologize? do you think he was wrong the way he went through the
CNBC
Sep 26, 2012 6:00am EDT
. people are focusing back on that again. that's why the dow yesterday and the s&p and the nasdaq, all the stocks across the board ended at their worst levels of the day. while we were sleeping, asian stocks also fell across the board. market watchers say that investors are turning their backs on that perceived positive effect. instead, they are focusing on europe's fiscal issues. we'll check in with our colleagues at cnbc asia to talk about what happened over there. you can see right now, down by 2% in france. in all of this is on continuing uncertainty about the eurozone debt crisis that. is a driving factor after people started ignoring it, at least for the last several weeks. >>> spanish protests against new austerity measures turning violent. demonstrators clashing with police. protesters surrounding government buildings in madrid and calling for the disillusion of parliament. this comes just days before a new round of austerity measures are due to be announced in the 2013 budget that is due tomorrow. >>> in greece today, a 24-hour nationwide strike is kicking off. europe is not t
CNBC
Sep 24, 2012 6:00am EDT
congress needs to reduce the pearl did testify s federal government needs to reduce the deficit. uncertainty about the fiscal cliff and thousand might be addressed is slowing the economic recovery, joe. >> let's check on the markets this morning. money market managers participated in the move high forewhatever reason you want to attribute to. whether the anticipation of qe-3 or -- what else could it be. i don't know. but the market has been slowly melting up. they've got double digit gains. but if they get out now, they'll miss the 30% gain. >> i thought the article was arguing that they're not going to sit on the sidelines, they're going to sell. >> that was the lead story. second is free checking is not really free. so a little slow today. but the futures are -- you don't have the morning times yet, do you? >> i don't. >> i have to show you something at the bottom and ask if it's a mistake. >> did you see this? >> what else do you have there. >> mother jones, atlantic. new huffington "post" on the ipad. >> so we are indicated down about 612 points. there's what's happening ove
CNBC
Sep 12, 2012 4:00am EDT
also interesting s is -- nobody's talked about greece. presumably, we still can't contain -- we still don't know how that will pan through. >> certainly the omt is designed as fire wall for italy and spain. given it's not really in place in terms of are they actually applying for assistance and do they accept the conditionalities and we don't know what the conditionalities are going to be. it seems likely. nevertheless, it's gone very quiet around greece. greece must stay in at pretty much any cost line has been largely dropped. >> and we're just playing a game here. they will keep fudging. greece will change some conditions. greece will continue to meet them. >> without a resolution that is fundamentally the name of the game. >> we're still listening. as soon as we have the ruling, silvia will come straight to us. she's listening to this ruling. >> the market reaction as we wait for detail here, ross, has been a bit sporadic. we're seeing the risk gradually come on. the german constitutional court has begun reading its verdict. silvia is listening in. >> if they're reading to t
CNBC
Sep 28, 2012 4:00am EDT
specifically at raising asset prices and it sully tactually s was. anybody who thinks it will have a knock on effect really has been proved wrong. and if that's what he's referring to, then, yeah, absolutely. qe is not working. about about there's massive liquidity, it's reducing the cost of capital. that will in time reduce the equity risk premium. >> are some of the banks lending mo more, mortgage rates coming down? >> rates tonight have to codon'n for the banks to want more. the classic way is to widen the spread it is for bank lending. if funding for lending does that, even ostensibly because it's supposed to make more lending available but its only benefit is to widen bank margins, it will still make more credit available to the economy and that's what people have done after every recession. >> because there is this focus on the fact that banks might use to refinance, but again, if it widens spreads, ultimately that should flow through to the broader economy. >> there are early indications it's already improved. >> thanks for your time this morning. and tokyo is to bes were tumb
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